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Definition of Net estate
1. Noun. The estate remaining after debts and funeral expenses and administrative expenses have been deducted from the gross estate; the estate then left to be distributed (and subject to federal and state inheritance taxes).
Lexicographical Neighbors of Net Estate
Literary usage of Net estate
Below you will find example usage of this term as found in modern and/or classical literature:
1. Supreme Court Reporter by Robert Desty, United States Supreme Court, West Publishing Company (1922)
"The Revenue Act of 19181 "Imposed upon the transfer of the net estate of every
décodent" dying thereafter a tax which It called an "estate tax. ..."
2. Federal Statutes Annotated: Containing All the Laws of the United States, of by United States, Edward Thompson Company (1918)
"That a tax (hereinafter in this title referred to as the tax), equal to the
following percentages of the value of the net estate to be determined as ..."
3. Collected Materials for the Study of the War by Albert Edward McKinley (1918)
"Two and one-half per centum of the amount by which euch net estate ... of the
amount by which such net estate exceeds $1000000 and does not exceed $2000000; ..."
4. A Treatise on the Law of Inheritance Taxation: With Practice and Forms by Lafayette Blanchard Gleason, Alexander Otis (1917)
"That a tax (hereinafter in this title referred to as the tax), equal to the
following percentages of the value of the net estate, to be determined as ..."
5. Judicial and Statutory Definitions of Words and Phrases by West Publishing Company (1904)
"net estate. The term "net estate," In How. Ann. St. 1 5847, subd. 6, providing
that the widow shall have one-third of the net estate of the intestate If he ..."
6. The Transfer Tax Law of the State of New York: Being Sections 220 to 245 by George Washington McElroy (1909)
"When net estate Is $500, but Less than $10000, Transfers to 5-Per Cent. Class Are
Taxable. This question was finally passed upon by the Court of Appeals in ..."
7. A Treatise on the Power of Taxation, State and Federal, in the United States by Frederick Newton Judson (1917)
"One per centum of the amount by which such net estate exceeds $50000 and does
not exceed $150000. One and one-half per centum of the amount by which such ..."
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